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Why investing in FCT, Nigeria is a wise decision, by Wike, Elumelu

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Federal Capital Territory (FCT) Minister Nyesom Wike has urged local and international investors to take advantage of the abundant opportunities in the nation’s capital to drive sustainable growth and development.

Wike spoke yesterday at the opening of the second Abuja Business and Investment Expo (ABIEXPO 2025) at the Bola Ahmed Tinubu International Conference Centre in Abuja.

The event was organised by the Federal Capital Territory Administration (FCTA) through its investment arm, the Abuja Investments Company Limited (AICL).

Represented by the FCT Minister of State, Dr. Mariya Mahmoud, the minister reaffirmed the administration’s commitment to making Abuja not just the political capital of Nigeria but a model of sustainable economic growth in Africa.

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Wike said: “As Abuja symbolises Nigeria’s aspirations, our mission, supported by Mr. President, is to make it a safe, investment-friendly city that empowers all citizens.”

The minister noted that the theme of the theme: Empowering Sustainable Growth: Unlocking Potentials in Emerging Markets, reflected the Renewed Hope Agenda of President Bola Ahmed Tinubu, which focuses on inclusive development, infrastructure expansion, and job creation.

He said the administration was prioritising infrastructural development to link satellite towns, area councils, and rural communities to the city centre.

Wike noted that such projects are essential for industrialisation and economic diversification.

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Wike hailed the AICL for organising what he called a “strategic and forward-looking platform” that brings together investors, innovators, and development partners to explore opportunities for shared prosperity.

“The FCT Administration remains steadfast in building a sustainable, flourishing capital city and enhancing Nigeria’s position on the continental and global stage,” he added.

Delivering the keynote address, the Chairman of Heirs Holdings, Tony Elumelu, urged African investors to prioritise local investments, stressing that the continent’s economic future must be shaped by Africans themselves.

Elumelu said: “Make your money, but please bring it home and invest locally.

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“It will be a disservice to make so much and then keep the money in economies that are already developed.”

The popular banker stressed that Africa’s economic transformation “will not be written in boardrooms in Washington D.C. or London but right here in Africa, in Nigeria, in Abuja – and it will be written by Africans”.

The Heirs Holding Chairman underscored the importance of collaboration between government and the private sector to tackle poverty, saying: “Poverty anywhere is a threat to all of us everywhere.”

He announced that the Tony Elumelu Foundation had supported 24,000 young Africans with training and a non-refundable $5,000 seed grant, including 641 beneficiaries from the FCT.

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The Group Managing Director/CEO of AICL, Ambassador Maureen Tamuno, said the expo aligned with the vision of the Renewed Hope Agenda, which seeks to boost investor confidence, stabilise the micro-economy and promote sustainable development.

She said this year’s edition attracted investors, entrepreneurs, and policymakers from within and outside Nigeria, including delegates from South Africa, the United Kingdom (UK), Canada, and Botswana.

“ABIEXPO 2025 marks the next chapter of Abuja’s transformation into a resilient, globally competitive city,” Tamuno said.

She added that the event featured a dedicated Youth Day and Women’s Day to promote inclusion and connect innovators with investors.

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2027: Be Prepared to struggle for power, Wike tells PDP candidates

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Minister of the Federal Capital Territory (FCT), Nyesom Wike, has challenged candidates contesting in the 2027 general elections on the platform of the Peoples Democratic Party (PDP) to be prepared to struggle for power.

Wike, a national leader of the PDP, stated this during the party’s 109th National Executive Committee (NEC) meeting on Wednesday in Abuja.

“Nobody gives power. Nobody has done it. Power is taken; if you did not do so, it’s your business.

“You must fight for it to take it. Nobody gives power, and nobody is ready to dash you power. You have to struggle for it. You have to fight for it. You don’t have to be afraid.

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“Every time you complain, oh, the governor is this, what do you want him to do? To allow you to come and take power like that?

“If you’re not serious, say you are not serious to struggle for power. When you take it, you appreciate it, not when they dash you and you don’t know the meaning of it,” Wike said.

He recalled his political journey through various struggles, including how he became governor when the incumbent belonged to a different political party.

Wike advised candidates, especially those running for governorship, to brace up for  keen contests.

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He said that in the present setting, most people were used to ‘food is ready’ politics.

“You are used to people preparing something for you to come and eat, and you think it will always be like that. It cannot always be like that.

“A time will come when there will be challenges in life and when you will be tempted in life,” he said.

Wike said that he happened to come from a background where he never got anything on a platter of gold, recalling that when he contested for a local government chairmanship position, the matter went all the way to the Supreme Court.

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“When I don’t see challenges, I know that something is wrong, but when I see challenges, I know success has come,” he said.

He noted that when the PDP was in power, many of its members were like spoiled children depending on their father for daily provisions, reminding them that the party was no longer at the centre.

He urged them to see themselves as children whose father is sick, and remain determined not to disappoint him.

The minister also advised party members to stop introducing religion into politics and electoral matters, challenging them instead to return to their bases and work for the party’s success.

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“Why do you bring your faith to this race? Everybody go home, go and bring something, and put it on the table in 2027. Go and bring something.

“I will bring something to the table here. Every NEC member has to bring something. If you bring a House of Representatives seat, you have done something.

“If you bring a House of Assembly member, you have done something. But don’t come here empty-handed; this is not a place for empty hands.

“This is a place where when you come, we look at the results of what you brought. That is what politics is all about,” he said.

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Wike advised party members not to be distracted by claims from the Tanimu Turaki-led PDP faction that it would sponsor candidates for all elective positions in 2027.

He explained that the access code to the Independent National Electoral Commission (INEC) candidate nomination portal would ultimately determine legitimacy.

“As far as I am concerned, June 26 is when INEC will give access codes to political parties to upload results. Don’t worry, we are good to go. Nobody is afraid; we will see who INEC will give the code to.

“It is not about going to collect money from people and saying we are in court. Nobody is afraid of the court; courts are meant for human beings, not ghosts.

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“So, we are here, we are not afraid. Let them continue going to court while we continue to prepare for our own election.

“Don’t worry, stop thinking about what will happen; the worst has happened,” he said, adding that anyone who is not serious in the business of politics should leave.

The minister also challenged party members and leaders not to be afraid of intimidation, harassment, or arrest.

“Use me as an example. There is nothing I have not seen. I’ve seen everything, including intimidation,” he said.

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NUJ raises the alarm over insecurity, open grazing

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The Nigeria Union of Journalists has expressed concern over rising insecurity, illegal revenue collection, open grazing and the growing misuse of public infrastructure across Delta State.

The union made its position known in a communiqué issued at the end of its congress in Asaba on Tuesday.

The congress, presided over by the Delta State Chairman of the union, Churchill Oyowe, reviewed key socio-economic, security, educational and environmental issues affecting the state.

On insecurity, the union said the increasing cases of kidnapping, armed robbery, cult-related violence and other crimes remained a major concern.

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The union called on the Nigeria Police Force, Department of State Services and other security agencies to strengthen intelligence gathering, deepen community policing and improve collaboration with stakeholders to restore public confidence.

The congress also expressed concern over the activities of individuals allegedly operating as local government taskforces on federal roads, accusing them of harassing and extorting money from motorists.

It called for the immediate disbandment of all illegal road taskforces and urged security agencies to take action against those involved.

The union also raised concerns over reports of arbitrary and unauthorised levies imposed on parents and students in public schools across the state.

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The congress called on the state government to investigate the allegations and sanction any official found culpable.

The union also criticised the growing use of flyovers in Asaba, Warri and Effurun as makeshift markets and motor parks by traders and tricycle operators.

Congress called on relevant government agencies to reclaim the facilities and enforce traffic regulations.

The union also expressed concern over weak enforcement of the Delta State anti-open grazing law.

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It said continued violations of the law could threaten peaceful coexistence between farmers and herders, reduce agricultural productivity and worsen food security challenges.

The congress urged law enforcement agencies to ensure strict implementation of the law.

The union reaffirmed its commitment to promoting good governance, public accountability and citizens’ welfare, pledging to continue monitoring developments across the state in the interest of the public.

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Court remands Maiduguri businessmen over N13.6m fraud

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The Borno State High Court sitting in Maiduguri has ordered the remand of a man, Gambo Mohammed, in a correctional facility over an alleged N13.65 million land fraud and money laundering case brought against him by the Economic and Financial Crimes Commission (EFCC).

Mohammed was arraigned before Justice Babagana Shettima by the Maiduguri Zonal Directorate of the EFCC on a four-count charge bordering on alleged money laundering, obtaining money under false pretences and criminal misappropriation involving a total sum of N13,650,000.

According to the anti-graft agency, the defendant allegedly collected the money from one Umar Abubakar under the pretext of facilitating the purchase of two plots of land located opposite Maimalari Barracks in Jere Local Government Area of Borno State.

The EFCC alleged that after receiving the funds, Mohammed diverted the money to his personal use instead of completing the land transaction as agreed.

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One of the charges filed against him stated that he fraudulently obtained the sum of N13.65 million from the complainant in 2025, purportedly as payment for two plots of land situated at Dubai Musari Ward, opposite Maimalari Barracks in Jere Local Government Area, knowing the representation to be false.

The charge reads in part: “That you, Gambo Mohammed, (a.k.a Modu Gambo), sometime in 2025, within the jurisdiction of this honourable Court, with intent to defraud, did obtain the sum of N13,650,000.00 from one Umar Abubakar, purportedly as purchase price for two plots of land situated at Dubai Musari Ward opposite Maimalari Barrack of Jere Local Government, Borno State, which you knew to be false.”

The prosecution maintained that the alleged act contravenes provisions of the Advance Fee Fraud and Other Fraud Related Offences Act, 2006.

When the charges were read to him in court, Mohammed pleaded not guilty to all four counts.

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Following his plea, prosecuting counsel, A.D. Abdulmalik, requested the court to fix a date for trial and urged that the defendant be remanded in a correctional centre pending the commencement of proceedings.

Delivering his judgement, Justice Shettima subsequently adjourned the matter until July 13, 2026, for a pre-trial conference.

The court also ordered that Mohammed be remanded at the Maiduguri Maximum Security Correctional Facility pending further hearing of the case.

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